GasBuddy News Article

Natural gas producers are being forced to scale back as prices fall, storage caverns fill up

Washington Post
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The U.S. natural gas market is bursting at the seams.

So much natural gas is being produced that soon there may be nowhere left to put the country’s swelling surplus. After years of explosive growth, natural gas producers are retrenching.

The underground salt caverns, depleted oil fields and aquifers that store natural gas are rapidly filling up after a balmy winter depressed demand for home heating.

The glut has benefited businesses and homeowners that use natural gas. But with natural gas prices at a 10-year low — and falling — companies that produce the fuel are becoming victims of their drilling successes. Their stock prices are falling in anticipation of declining profits and scaled-back growth plans.

So much natural gas being produced, more fracking harming ground and surface waters, more waste water injected into the ground and no where to sell that NG. Need more uses for natural gas and many more vehicles to use that fuel.Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.The price of fuel at the pump is too high!12/22/2012

Cars yes. Tractor-trailers no. They make one already with a 120 gal cryo tank for LNG. The truck has the same range as a truck with a 50 gal tank. Given that an over the road rig makes an average of 6 miles to the gallon that would give the rig a max range of 300 miles to empty. The average over the road rig by a single driver puts in 500 to 700 miles per day. that would mean at least 2 refuels which would shorten the milage he could travel due to hours of service laws.

The only one bigger than a car that could carry the fuel needed easily would be a train.